One of the biggest advantages that a small business has is a greater ability to serve specialized markets.

Question

Quizplus · Accepted Answer

Small businesses are generally more flexible and can focus on serving niche markets due to their size, as they are not bound by the same level of bureaucracy and resources required by larger organizations. This allows them to tailor their products and services to meet the specific needs and preferences of these specialized markets, which in turn can lead to increased customer loyalty, brand recognition, and profitability.

One of the Biggest Advantages That a Small Business Has